Russia Launches AD Probe Against Chinese Cold Drawing SS Seamless Pipe

Russian Industry and Trade Ministry launched anti-dumping probe against cold drawing stainless steel and seamless pipe imported from China, which mainly be applied into fields of mechanical manufacturing, petrochemical, food processing, nuclear energy ect.

In Q1 2011, stainless steel and seamless pipe sales volume of Customs Union Countries gained 40 percent year on year, however, output mere saw an increase of 14.3 percent. Thanks to cheap price, stainless steel and seamless pipe from China seized more market share from those from other Customs Union countries, of which market share of those from Russia dropped by 9.9 percent and profit tumbled massively.

Since Sep.28, 2009, Russian government has carried out a special protective measure on stainless steel pipe imports, invigorating Russian mills' enthusiasm in investing pipe producing, nevertheless, hit by flooded imports from China, many investment projects were suspended, causing devastating losses on them.